News Byte
Ina Fried in News on January 26 at 6:53 am PT
RealNetworks said on Thursday that it has sold a big chunk of it patent portfolio and its next-generation video codec to Intel for $120 million in cash. The Seattle company said it retains the rights to use the technology, so it doesn’t see an impact on its operating plans.
Peter Kafka in Media on November 19, 2011 at 7:43 am PT
Bloom joined the publisher, which owns Rolling Stone, Us Weekly, and Men’s Journal, in May. Friday afternoon he sent out a memo announcing his departure.
News Byte
Tricia Duryee in Media on November 1, 2011 at 1:58 pm PT
RealNetworks
has hired Thomas Nielsen as its new president and CEO. Nielsen, who will also join the board, most recently served as VP of the Digital Imaging Group at Adobe Systems. According to a filing with the SEC, Nielsen’s base salary will be $450,000. He will also be entitled to a signing bonus of $100,000, stock options and the chance to earn additional bonuses.
Tricia Duryee in Commerce on October 24, 2011 at 9:53 am PT
Facebook is now allowing its virtual currency to be used off of its social network, a feature that some game companies are finding valuable as a way to more easily monetize their own Web sites.
Arik Hesseldahl in Enterprise on October 19, 2011 at 8:59 pm PT
Coming out of stealth today with $24 million from Redpoint Ventures, Accel and other investors, Qwilt stores copies of the videos that are popular in your neighborhood to help make the network run faster. And? It uses flash memory to do it! Flash Madness continues.
Tricia Duryee in Commerce on October 19, 2011 at 9:55 am PT
Facebook games are often compared to gambling because of their addictive qualities. So what happens if you cut directly to the chase and build true casino games like slots, poker or bingo?
Tricia Duryee in Media on October 3, 2011 at 10:38 am PT
Rhapsody, the independent streaming music service spun off from RealNetworks, is acquiring Napster’s subscribers from Best Buy for a song — err, stock.
Tricia Duryee in Commerce on September 22, 2011 at 7:50 am PT
RealNetworks is a cornucopia of businesses, but this story is about GameHouse, the Seattle company’s $100 million casual games business.
Liz Gannes in Social on August 11, 2011 at 9:24 am PT
Nettle, a start-up from two MP3.com guys, including Eventful founder Brian Dear, has raised $500,000 from investors including Google Ventures, Advancit Capital and 500 Startups.
Tricia Duryee in Commerce on July 1, 2011 at 4:45 am PT
Starting today, Facebook is requiring all social game developers on its network to process payments through Facebook Credits — and consequently share 30 percent of the revenues with Facebook. Despite some early complaining and a few slackers that were rushing to get in compliance this week, the deadline appears to be passing without much of a fuss.
